COTTON MUSEUM INC (EIN 621828260) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

MURRY MCCLINTOCK

Phone

9015317826

Tax Period

2023-01-01 to 2023-12-31

COTTON MUSEUM INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $129K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $170K exceeded revenue, resulting in a 31% operating deficit.

Mission

PRESERVATION OF THE HISTORY, HERITAGE, AND CULTURE OF THE COTTON INDUSTRY IN GENERAL AND ON THE COTTON INDUSTRY'S IMPACT OF THE HISTORY, HERITAGE, AND CULTURE OF MEMPHIS, TENNESSEE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $60,312

Program Service Revenue $34,929

Investment Income $0

Other Revenue $34,255

TOTAL REVENUE $129,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,474

Fundraising Expenses $5,447

Program Expenses $126,653

Other Expenses $115,385

TOTAL EXPENSES $169,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,496	$118,457	+0.1%
Expenses	$169,859	$194,149	-0.1%
Net Income	$-40,363	$-75,692	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TREY JONES	TREASURER	1.00	Officer Director	$0	$0	$0
CALVIN TURLEY	MEMBER	1.00	Director	$0	$0	$0
CHIP CRAIN	MEMBER	N/A	Director	$0	$0	$0
KELLIE PRESCOTT	MEMBER	N/A	Director	$0	$0	$0
SARAH HAIZLIP	MEMBER	N/A	Director	$0	$0	$0
S W FARSNWORTH III	MEMBER	N/A	Director	$0	$0	$0
HOPE BROOKS	MEMBER	N/A	Director	$0	$0	$0
MCCLAIN GORDON	MEMBER	N/A	Director	$0	$0	$0
WANDA SHEA	MEMBER	N/A	Director	$0	$0	$0
DERITA WILLIAMS	MEMBER	N/A	Director	$0	$0	$0
LONDON LAMAR	MEMBER	N/A	Director	$0	$0	$0
THOMAS MILLER	MEMBER	N/A	Director	$0	$0	$0
TANJA MITCHELL	MEMBER	N/A	Director	$0	$0	$0
MURRY MCCLINTOCK	PRESIDENT	2.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$129,496	$169,859	$867,740	$-40,363
2022	$118,457	$194,149	$921,928	$-75,692
2021	$167,514	$104,631	$1,004,546	$62,883
2020	$43,040	$124,389	$944,876	$-81,349
2019	$117,808	$184,364	$1,007,130	$-66,556
2018	$114,527	$173,878	$1,035,400	$-59,351

COTTON MUSEUM INC